Saturday, January 1, 2011
Volume:
27
Issue:
1
Abstract:
On September 27, 2010, the European Commission (EC) and Imperial Tobacco Limited (ITL) signed a multi-year agreement to cooperate in efforts to combat the illegal trade of tobacco products. The Agreement was initiated by ITL, who committed to paying US $300 million over the next 20 years to the EU and participating Member States. The contract involves the European Commission, the European Anti-Fraud Office (OLAF) and law enforcement personnel from Member States. It was initiated after two years of negotiations between the organizations.